John Abernethy from Clime AM has warned retail investors to be wary of the current round of floats coming into the market
John Abernethy from Clime AM has warned retail investors to be wary of the current round of floats coming into the market. Abernethy notes that many of the companies coming on to the exchange are not looking to raise capital but are providing owners of the business with an exit strategy for their existing holding. This interview also touches on the issue of selective briefings and a loop hole that exists for companies that are planning to list but are not yet on the exchange. It creates the ultimate imbalance between an informed and uninformed market. The interview and article are on the following link (VIEW LINK)
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